R 132 530 | business property to rent in durbanville central

This 457.69m2 restaurant space is situated at the popular Village Square shopping centre located on Queen Street in Durbanville Central with Woolworths as the anchor tenant. Easy access to the unit from Wellington Street giving it great visibility and exposure. The space is currently fitted out for a restaurant and is surrounded by restaurants such as Cattle Baron, Boathouse, Bootleggers and Lupa. cluding Boathouse, Lupa, Cattle Baron and Bootleggers. The centre also offers secure controlled open parking with first 1.5 hours free via boom access and basement parking with first hour free. The unit has an outside seating area, with booth seating inside as you enter and raised seating at the bar. Additional Charges/Information - Rates & Taxes R 10 696.52, Turnover % is 7%, Escalation is 8%, Basement parking - Unreserved LB per bay @ R795.00 p/bay, Lease fees - less than 5 years - R 3 006.13 excl Vat and/or longer than 5 years - R 2 255.79 excl Vat, Deposit - 2 x months of final year of rental, parking and incl Vat - subject to credit vetting results and signing of surety. Higher deposit if no surety. Municipal Charges & Common Area Electricity - Elec, water, refuse, sewerage, gas common area and any ancillary charges, central grease cleaning & maintenance services. Other Charges by Tenant - Diesel = Ad-hoc pro-rate % of cost for generate (load shedding). Pro-rata towards centralized grease trap cleaning and maintenance. To include meter reading fees NB : Should the tenant commence trading before the specified trading date, the LL shall bill rental charges pro-rata. Tenant to provide signage and floor layout to LL for approval. Application of same with City of CT is at the tenant's cost. Permits will be needed for any installation work to commence. All rates advertised are ex Vat. Please contact me for more information and for a viewing.